Teenager becomes first person arrested under new anti-gossip law

A 16-year-old pupil at a school in west China has become the first person arrested under the country’s draconian new anti-gossip law.

Last week, China’s Supreme Court warned that anyone spreading a rumour on the internet faces three years in prison if more than 5,000 people see it, or if it gets reposted more than 500 times.

“Society has demanded serious punishment for […] using the internet to spread rumours and defame [...]

World Economic Collapse Explained in 3 Minutes

Do market conditions in the world justify the present stock market? I think not. It is just more betting on an expanding bubble like it will not burst on their bet. The EU nations are in the longest recession in their history and there is no end in sight. Japan is in recession and has not had any growth in almost two decades. Greece has 30 percent unemployment and they [...]

Chinese scientists create a new flu viruses that nobody wants

Was created a flu virus with mortality and transmission extremely high. Obtained from experiments in mice, results from the combination of the avian influenza virus H5N1 and swine H1N1. A laboratory in Harbin, north-west China, “live” now a virus that, hopefully, will never get out of there: combines the strength of the lethal H5N1 avian flu outbreak of 2003, with ease of transmission of H1N1, responsible The 2009 flu. The [...]

China Fears End of the World is Nigh

China is taking the date of December 21 – the day the world is due to end – seriously, with panic buying of candles sweeping through counties. Malcolm Moore reports.

China’s most famous book of prophecies, the 7th century Tui Bei Tu, makes no direct mention of the end of the world.

But in Sichuan province, panic buying of candles has swept through two counties in the fear that an ancient Mayan [...]

Are Chinese Banks Hiding “The Mother of All Debt Bombs”?

Financial collapses may have different immediate triggers, but they all originate from the same cause: an explosion of credit.  This iron law of financial calamity should make us very worried about the consequences of easy credit in China in recent years.  From the beginning of 2009 to the end of June this year, Chinese banks have issued roughly 35 trillion yuan ($5.4 trillion) in new loans, equal to 73 percent [...]